Geregu Power Plc reports N20bn profit in Half-Year 2024

Geregu Power Plc on Friday published its Second Quarter report for the period ended 30 June 2024. The report shows significant growth in its topline and bottom line figures, year on year.

Revenue of N80.677 billion was reported for the 6 months period, up by 132.52% from N34.696 billion reported the previous year.

Profit after tax grew year on year by 148.49% to N20.013 billion from N8.054 billion reported the previous year.

Earnings per share of the Company stands at N8.01.

At the share price of N1000, the P/E ratio of Geregu Power stands at 124.92x with earnings yield of 0.8%.

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